Basis Trade strategy with a yield of up to 30% APR I choose $KAITO as an asset for this strategy for one reason - the high yield of the YT token on the Pendle platform (43% at the moment). All this will look like this: 1. Buy KAITO for USDT 2. Open short on KAITO for 2 part of USDT 3. Send KAITO to staking and receive sKAITO 4. On Pendle, split sKAITO into YT Kaito and PT Kaito 5. Sell YT Kaito for sKAITO on PendleSwap 6. Unstake sKAITO and receive Kaito (in 7 days) 7. Sell KAITO for USDT The yield on stables will be 19% APR You can reduce the amount of liquidity for short by taking leverage x2 - the yield will increase to 25% APR Leverage x4 will give a yield of 30% APR In this case, the main risk lies in the Funding Rate area, at the moment it is negative and has stabilized around 3% APR. Funding Rate calculation was based on Binance data. In case of growth of the FR, partial sale of the PT Kaito token is possible so that the strategy remains profitable. Theoretically, it is possible to transfer the short to any other exchange, including Hyperliquid. Due to the miscorrelation between these exchanges, funding rate arbitrage is possible, which can mitigate the risks.

What do you think about this strategy, guys? @DefiIgnas @TheDeFinvestor @Deebs_DeFi @Defi_Warhol @Mars_DeFi @DeFi_Finestt @DeFi_Dad @eli5_defi @PendleIntern @0xCheeezzyyyy @ProofOfTravis @DoggfatherCrew